This car needs a new engine, but still owes money on its current one. Sourcing a new engine can be challenging, but the payoff is worth it in improved performance and reliability. Read on to see some of the most common questions and answers related to this issue.
Table Of Content:
- When A Car Conks Out While You Still Owe Money On The Loan
- What should I do with a car I owe $10k on and the engine blew up ...
- Engine blown on a car I still owe money on. looking for advice. : r ...
- What is my best option regarding with my car and my unpaid ...
- What If Your Car Breaks Down And You Still Owe Money - Protect ...
- How to Get Out of an Upside Down Car Loan & How to Avoid
- Can I Trade in My Car if I Still Owe?
- My car broke down and I still owe the bank. What should I do? | Jerry
- I owe more on my current loan than my current vehicle is worth ...
- My Car Is On Finance And My Engine Has Blown
1. When A Car Conks Out While You Still Owe Money On The Loan
https://www.growingfamilybenefits.com/car-dies-owe-money/
May 19, 2020 ... Research the auto lemon laws in your state if your new car keeps breaking down while you still owe money to the finance company. You could force ...
2. What should I do with a car I owe $10k on and the engine blew up ...
https://www.quora.com/What-should-I-do-with-a-car-I-owe-10k-on-and-the-engine-blew-up
Repair/replace the engine. You'll have to pay for this yourself probably. · Sell the car and pay the difference between what you sold it for and what you owe.
3. Engine blown on a car I still owe money on. looking for advice. : r ...
https://www.reddit.com/r/personalfinance/comments/4nnxim/engine_blown_on_a_car_i_still_owe_money_on/
Jun 12, 2016 ... Has it been rock solid or is this just the latest and greatest repair bill? Does the car fit your needs or would something else be better? I do ...
4. What is my best option regarding with my car and my unpaid ...
https://www.lawyers.com/ask-a-lawyer/personal-injury/what-is-my-best-option-regarding-with-my-car-and-my-unpaid-balance-1615439.html
Sep 18, 2013 ... I have a car that has a blown engine. ... Sadly you still owe the $4000, you should seek to cut a deal with the lender, but unless you are ...
5. What If Your Car Breaks Down And You Still Owe Money - Protect ...
https://blog.protectmycar.com/car-breaks-down-still-owe-money
An engine block replacement can cost up to $10,000 to repair. Realistically for most consumers this number will be closer to $5,000. For many of us this cost ...
6. How to Get Out of an Upside Down Car Loan & How to Avoid
https://www.debt.org/credit/loans/auto/upside-down-car/
You are upside down on a car loan when you owe more than your vehicle is worth. ... still owe the balance and makes it more difficult to get a new car.
7. Can I Trade in My Car if I Still Owe?
https://www.thecarconnection.com/car-loans/finance-guides/can-i-trade-in-my-car-if-i-still-owe/
This increases your loan balance and monthly payments, leads to increased interest charges, and puts you immediately in a negative equity position on the new ...
8. My car broke down and I still owe the bank. What should I do? | Jerry
https://getjerry.com/questions/my-car-broke-down-and-i-still-owe-the-bank-what-should-i-do
Say hello to Jerry, your new insurance agent. We'll contact your insurance company, review your current plan, then find the coverage that fits your needs and ...
9. I owe more on my current loan than my current vehicle is worth ...
https://www.consumerfinance.gov/ask-cfpb/i-owe-more-on-my-current-loan-than-my-current-vehicle-is-worth-what-do-i-need-to-know-if-i-buy-a-new-vehicle-en-779/
Jun 8, 2016 ... If you don't roll the amount you still owe on your old vehicle into the new loan, and keep your current vehicle while buying a new one, ...
10. My Car Is On Finance And My Engine Has Blown
https://www.carmoola.co.uk/blog/car-on-finance-engine-blown
Feb 11, 2022 ... You may choose to invest in repairs if you're still a long way to go on your car financing. Does the amount you owe exceed the car's value when ...
What should I consider before buying a new engine?
When purchasing a new engine for your car, you'll need to consider both the cost and the installation process. You'll want to research reputable suppliers of quality engines and determine if the price fits into your budget. Additionally, you'll want to factor in any relevant labour costs that will be necessary to install the new engine correctly.
Are there any other options for replacing my engine?
In addition to purchasing a brand-new engine, you may be able to find an excellent used or rebuilt option as well. This can offer significant savings while still providing reliable, effective performance. Be sure to carefully research these options before making a purchase decision.
What happens if I don't replace my old engine?
If you don't replace a faulty or worn-out engine, it's possible that it will eventually cause further damage or even stop functioning altogether. This can result in costly repairs or delays due to breakdowns in parts of your vehicle. It's also likely that prolonged use of an older engine could lead to decreased fuel efficiency and increased emissions.
Conclusion:
Replacing an aging car engine with something newer can help keep your vehicle running longer and more reliably at optimal performance levels. Be sure to do your research when looking for the best option for you - whether purchasing new, used, or rebuilt - so that you get lasting value from your investment.